In the contentious debate over whether to reduce or eliminate the home mortgage-interest tax deduction — or leave it alone — one fact has been virtually unchallenged: The popular write-off used by millions of U.S. homeowners costs the government massive amounts of revenue, somewhere in the range of $100 billion a year. This adds to the federal deficit and debt, and has ranked the deduction high on the hit list of most tax reformers’ agendas, [more]
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